Abu Dhabi Ship Building Company will deliver three Baynunah warships to the United Arab Emirates navy by 2016 and is in discussions with other buyers aimed at selling more, its chief executive said Monday.

“There are discussions with some of the Gulf Cooperation Council countries as well as other international ones. Hopefully there will be something in the future,” Khaled al-Mazrouei said on the sidelines of the Naval Defense Conference.

The fall in oil prices has put pressure on government spending across the Gulf region. But authorities are also facing political instability in Iraq and Syria which has meant they have continued to spend on new military hardware. […]